Bitcoin Price Plummets to Three-Week Low Amid Geopolitical Tensions

The cryptocurrency market has experienced a significant downturn in recent days, with Bitcoin leading the decline. Despite reaching a high of $76,000 earlier in the week, the leading cryptocurrency has struggled to sustain itself above $68,000, marking a three-week low.

The situation worsened with the latest FOMC meeting, where Federal Reserve Chairman Jerome Powell signaled no interest rate cuts in 2026. This decision, combined with rising tensions in the Middle East, has increased risk aversion and contributed to a new wave of selling.

Altcoins have followed suit, with Ethereum losing over $300 from its weekly peak and falling below $2.10. Other cryptocurrencies such as BNB, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) have also registered losses between 2% and 4% in the last 24 hours.